Sargent Investment Group LLC Trims Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Sargent Investment Group LLC lowered its stake in Palantir Technologies Inc. (NYSE:PLTR) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 623,560 shares of the company’s stock after selling 32,130 shares during the period. Palantir Technologies accounts for about 2.3% of Sargent Investment Group LLC’s holdings, making the stock its 10th biggest holding. Sargent Investment Group LLC’s holdings in Palantir Technologies were worth $10,707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PLTR. Truvestments Capital LLC lifted its stake in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. Provence Wealth Management Group acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $35,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Peter Thiel sold 7,044,756 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the transaction, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the sale, the director now directly owns 181,830 shares of the company’s stock, valued at approximately $4,563,933. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock valued at $184,343,202 over the last quarter. 13.96% of the stock is owned by company insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday. Bank of America upped their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Mizuho upped their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Finally, Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price objective for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.35.

Palantir Technologies Stock Up 3.7 %

Shares of Palantir Technologies stock traded up $0.81 during trading on Friday, reaching $22.52. The company’s stock had a trading volume of 33,119,766 shares, compared to its average volume of 33,231,036. The business’s 50-day moving average price is $23.45 and its 200-day moving average price is $20.06. The firm has a market cap of $49.83 billion, a PE ratio of 250.25, a P/E/G ratio of 5.52 and a beta of 2.78. Palantir Technologies Inc. has a 52 week low of $7.28 and a 52 week high of $27.50.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The firm had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Equities analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.